Did you know?

ChinaBio® Group is a consulting and advisory firm helping life science companies and investors achieve success in China. ChinaBio works with U.S., European and APAC companies and investors seeking partnerships, acquisitions, novel technologies and funding in China.  

Learn more >>

Free Newsletter

Have the latest stories on China's life science industry delivered to your inbox daily or weekly - free!

See preview >>

  Email address:
   

Shanghai to Invest $14 Billion in High Tech, Including Biotech

publication date: Aug 2, 2024

Shanghai announced it would invest RMB 100 billion (US$14 billion) to support growth in three high tech industries: integrated circuits (IC), biopharmaceuticals and AI. The money will support innovative companies with the goal of accelerating globally competitive enterprises. According to Cailianpress, biopharmaceutical companies are slated to receive about $3 billion. The news release did not identify a particular biotech target for the funds. Almost half of the funds, $6.3 billion, will be allotted to the IC industry, focusing on IC design, manufacturing, packaging et al. The next $3.1 billion will go the AI industry, advancing AI chips, software, autonomous driving and robotics. More details....

Share this with colleagues:



Sorry this page is available to subscribers only.
If you're not a subscriber why not subscribe today?

If you are already a subscriber, please login.

If you believe you should have received this message in error, please contact us.


 

To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.

Upcoming Events

ChinaBio® Partnering Forum
September 10–11, 2024 | Shanghai, China
Register here

BIO-Europe®
November 4–6, 2024 | Stockholm, Sweden
Save €900 before September 13!
Register here

Biotech Showcase™
January 13–15, 2025 | San Francisco, CA
Save $600 before September 27!
Other Relevant Events

Antibody Engineering & Therapeutics Asia
October 21–23, 2024 | Kyoto, Japan
Save 30% with code CHINABIO30!
Register here